Property refinancing
Make existing property work with your next investment decision.
Whether you are reviewing an existing buy-to-let mortgage, releasing equity or restructuring borrowing across a portfolio, our advisers can help you understand the refinancing routes available.
Existing property
Review current borrowing
Next step
Refinance or release capital
Existing investment property
Refinancing can be about more than replacing one mortgage with another.
Existing property can play an important role in the next stage of an investment strategy.
A landlord may simply want to review an existing deal, but refinancing can also be used to raise capital, reorganise borrowing or support another property purchase.
The lender will usually consider the property's current value, rental income, mortgage balance, loan-to-value and the reason for any additional borrowing.
Why refinance?
Different objectives can require different refinancing strategies.
Refinancing is often part of a wider property decision rather than an isolated mortgage transaction.
01
Review an existing deal
Landlords may refinance when an existing mortgage product is approaching its end or when they want to review the borrowing already in place.
02
Release equity
Where property value and rental performance allow, refinancing may enable capital to be raised against an existing investment property.
03
Fund another purchase
Released capital may be used towards the deposit or costs associated with another property transaction, subject to lender criteria.
04
Restructure borrowing
Investors may want to reconsider how debt is distributed across one or more properties as their portfolio evolves.
05
Change ownership structure
Some transactions involve moving from one borrowing structure to another, including personal and company ownership, although tax and legal implications should be considered separately.
06
Consolidate portfolio finance
More experienced landlords may review borrowing across several properties to simplify, reorganise or support a wider portfolio strategy.
Capital raising
Equity in an existing property may support future investment.
If an investment property has increased in value or the mortgage balance has reduced, there may be scope to increase borrowing and release some of the equity.
The amount available depends on the updated valuation, rental coverage, loan-to-value and the lender's rules around the proposed use of funds.
Discuss capital raising
Available equity
Property value, mortgage balance, rent and loan-to-value all influence how much additional borrowing may be available.
What lenders consider
Refinancing starts with the property and borrowing already in place.
The outcome can depend on both the existing investment and the purpose of the new borrowing.
01
Current property value
The updated property value helps determine the loan-to-value available when replacing existing borrowing or releasing additional capital.
02
Rental income
Expected or current rent may need to meet the new lender's rental coverage calculation for the proposed borrowing.
03
Existing mortgage
The outstanding balance, current product, early repayment charges and lender terms all form part of the refinancing decision.
04
Purpose of funds
Lenders may ask why additional capital is being raised and can apply different criteria depending on its intended use.
05
Ownership structure
Personally owned, limited company and portfolio property can each require different refinancing approaches.
06
Wider portfolio
For portfolio landlords, the lender may assess existing properties and borrowing alongside the property being refinanced.
Refinancing objectives
Start with what you want the refinance to achieve.
The appropriate lender and mortgage structure can differ depending on whether the objective is simply replacing an existing deal or raising additional capital.
Replace existing borrowing
Move from the current mortgage to a new lender or product where the circumstances and lender criteria support it.
Raise additional capital
Increase borrowing against the property, subject to valuation, rental coverage, loan-to-value and lender criteria.
Rebalance the portfolio
Review borrowing across multiple investment properties where the portfolio has grown or changed over time.
Timing the refinance
The right time to refinance is not determined by the new mortgage alone.
Existing mortgage terms can affect whether refinancing makes sense now or whether waiting should also be considered.
Early repayment charges, product end dates and other costs should be considered alongside any proposed new borrowing.
Existing mortgage
Limited company refinancing
Company-owned property can be refinanced too.
Properties held within limited companies or SPVs can often be refinanced, subject to lender criteria around the company, directors, shareholders, property and rental position.
Where the wider portfolio is also company-owned, the lender may need to consider existing company borrowing and other properties alongside the refinance.
Explore Limited Company & SPV
Portfolio refinancing
Refinancing can be considered across more than one property.
Landlords with several investment properties may have mortgages with different lenders, product end dates and levels of equity.
Reviewing the wider portfolio can help determine whether borrowing should remain property-by-property or whether a more coordinated refinancing strategy is appropriate.
International investors
Refinancing UK property where the investor is based overseas.
Residency, nationality, overseas income and ownership structures can all influence which lenders are able to consider a UK investment property refinance.
Intra has arranged more than 3,000 mortgages for international clients from over 20 countries, including Türkiye, Saudi Arabia, the UAE, the United States, Canada and countries across Europe.
Explore mortgages for international clients→
The Intra approach
Understand the objective before selecting the refinance.
We consider the current property, existing mortgage, rental position, ownership structure and purpose of the new borrowing before lender research begins.
Review the existing borrowing
We begin by understanding the current mortgage, lender, outstanding balance, property value, rental income and the reason you are considering refinancing.
Clarify the objective
Your adviser establishes whether the aim is to review the current deal, release capital, restructure debt, move lenders or support another property transaction.
Research lender criteria
Different lenders have different approaches to rental coverage, loan-to-value, capital raising, portfolio exposure and ownership structures.
Structure the application
Once an appropriate route has been identified, we prepare the refinance around the property, ownership structure and intended use of funds.
Manage underwriting
Our adviser and administration team remain involved throughout valuation, lender queries and any additional underwriting requirements.
Complete
We continue to support the case through mortgage offer, legal work and completion of the refinance.
Lender access
The right refinancing route depends on more than the new rate.
Rental calculations, capital-raising rules, ownership structures, portfolio exposure and property criteria can all differ between lenders.
Lender availability and suitability depend on individual circumstances, property, rental position, ownership structure and lending criteria.
Why Intra
Refinancing considered within your wider property strategy.
The objective may be a new mortgage, but the wider reason for refinancing can be just as important when selecting a lender.
01
Review the existing mortgage
We consider the current lender, balance, rate, product terms and any early repayment charges.
02
Understand the objective
We establish whether the aim is replacement borrowing, capital raising, restructuring or another property transaction.
03
Research lender criteria
Different lenders can have different rental calculations, loan-to-values and capital-raising policies.
04
Manage the refinance
Our adviser and administration team support the case through valuation, underwriting, offer, legal work and completion.
Related property finance
Explore related investment finance.
Property investment
Buy-to-Let
Finance for landlords purchasing and refinancing residential investment property.
Company borrowing
Limited Company & SPV
Finance for investment property held through companies and special purpose vehicles.
Portfolio landlords
Portfolio Finance
Borrowing for landlords with multiple properties and more substantial investment requirements.
Frequently asked questions
Property refinancing questions.
These answers are general. Available finance depends on the property, mortgage, rental position, ownership structure and lender criteria.
01Can I refinance a buy-to-let property?
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Can I refinance a buy-to-let property?
Potentially. A wide range of lenders consider buy-to-let refinancing, subject to the property, rent, mortgage balance, loan-to-value and wider circumstances.
02Can I release equity from an investment property?
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Can I release equity from an investment property?
Potentially. The amount available depends on the current property value, existing mortgage, rental income, loan-to-value and the lender's criteria.
03What can released equity be used for?
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What can released equity be used for?
Acceptable uses vary by lender. Examples may include another property purchase, property improvements, restructuring existing borrowing or other permitted purposes.
04Can I refinance a property held in a limited company?
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Can I refinance a property held in a limited company?
Potentially. Many lenders support refinancing for properties held within limited companies or SPVs, subject to company, director, shareholder and property criteria.
05Can I move a personally owned property into a limited company?
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Can I move a personally owned property into a limited company?
Potentially, but this is usually treated as a new transaction rather than a simple change to the mortgage. Tax, legal and transaction implications can arise, so independent professional advice should be obtained.
06Can I refinance several properties at once?
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Can I refinance several properties at once?
Potentially. Portfolio refinancing can involve several individual transactions or a wider refinancing strategy depending on the lenders, ownership structures and objectives involved.
07Will an early repayment charge affect refinancing?
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Will an early repayment charge affect refinancing?
Potentially. If the current mortgage is still within a product period, an early repayment charge may apply. This should be considered when comparing the cost and timing of refinancing.
08Can international investors refinance UK property?
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Can international investors refinance UK property?
Potentially. Available lenders depend on residency, nationality, income, ownership structure, property and the wider circumstances of the case.
Some forms of buy-to-let and property investment finance may not be regulated by the Financial Conduct Authority. The regulatory status of a transaction depends on the individual circumstances involved.
Your property may be repossessed if you do not keep up repayments on your mortgage or other loan secured upon it.
Property refinancing
Review your existing property borrowing with an Intra adviser.
Tell us about the property, current mortgage and what you want the refinance to achieve and our team can help explain the lending routes available.
enquiries@intra-pf.com